United Trust Bank has announced an important product update. Click here for the latest Master Broker/Packager/Distributors product guides. Or here for the updated product guides for Direct/Networks/Club. If you have any new applications you wish to discuss, please Contact us for more information.
ANNOUNCEMENTS
UTB Mortgages: Second Charge Consent… now AFTER Offer!
We recognise that the ability to proceed to offer quickly is often a driver for Second Charge Loan applications, with loan purposes typically driven by capital raise and/or debt consolidation. As a result I’m pleased to announce the following process enhancement:
Binding Offers with Special Conditions
With immediate effect, all Second Charge Loan Binding Offers can now be issued with Special Conditions for a range of non-affordability linked requirements. These requirements can then be provided after offer, but before completion.
Feedback from a recent pilot is that this major process enhancement will reduce the average App to Offer time by around 5 days. Examples of where Special Conditions can be used include:
- First Mortgage Consent to Second Charge
- Up to date Redemption figures
- Bank details for items of debt consolidation
- Deed of Consent for non-dependent residents
You can download our latest Residential Product Guide here. If you have any questions on this improved service please contact a member of our Sales team directly, or via 020 7031 1551 and [email protected].